Sei Price Prediction: Time is running out to buy these under-the-radar AI gems as SEI pumps 52%

adminDecember 20, 2023

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With a 375% increase in trading volume, Sei prices have surged 52% in the last 24 hours to trade at $0.3432 as of 6:10 AM ET.

This surge allowed the Sei price to recover to levels last tested on August 15 and liquidate $1.05 million in short positions.

At the same time, open interest for SEI tokens reached an all-time high of $97.67 million.

According to Santiment data, this comes amidst increased social volume, mostly on Telegram and X.

The surge in social volume indicates increasing mentions of the coin across more than 1,000 cryptocurrency-related social media channels.

Sei Price Outlook As SEI Tokens Are Pumped Hard

After a prolonged period of consolidation along the uptrend line, Sei price broke the $0.2830 resistance level in a bullish attempt to regain the highs of $0.4800.

An increase in buyer momentum above current levels could push Sei price above the $0.4000 psychological level to the $0.4500 level before reaching the $0.4800 range high.

In a very bullish case, Sei price could cross this hurdle for the $0.5000 level tag. A 45% rise from current levels, this move would see the token hit a new all-time high.

The Relative Strength Index (RSI) remains on the rise and is still on the rise. Additionally, the Awesome Oscillator (AO) indicator displays green bars and is moving into positive territory. This supports the optimistic argument.

What’s more interesting is that the Moving Average Convergence Divergence (MACD) indicator is about to execute a buy signal. This is triggered when MACD crosses above the signal line (orange band). Traders who heed this call could increase the upside potential of Sei prices.

On the other hand, once the profit book begins, Sei price is likely to fall and lose the immediate support of $0.2830. Strengthened seller momentum could extend the decline below the rising trend line for the altcoin’s market cap to test $0.2146 support. A close below this level would invalidate the generally bullish outlook.

In a serious case, Sei price could cross the $0.1500 psychological level and tag the $0.0954 support level, creating a bridge lower. This move represents a 73% decline from current levels.

Investors looking to diversify their portfolio with better prospects may want to consider LPX and YPRED, two cryptocurrencies that analysts predict have 10x growth potential.

A promising alternative to SEI

LPX

LPX is the native cryptocurrency of the Launchpad XYZ ecosystem, a project dedicated to helping community members identify the next 10X trade.

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This project reveals the secrets of web3 cryptocurrency trading and helps you become a winning trader. Put the markets in your pocket so you can execute winning trades on the go.

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The Launchpad XYZ ecosystem utilizes automated trading to help you win your trades by differentiating yourself from other traders at your level. Investors looking to buy LPX should consider purchasing in the presale now, where the token is selling for $0.0445. To date, more than $2.2 million in funding has already been secured.

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— Launchpad.xyz (@launchpadlpx) December 18, 2023

Visit the Launchpad XYZ website to purchase LPX in pre-sale here.

YPRED

YPRED is the ticker of the yPredict ecosystem, an AI project built specifically for developers, traders, quants and analysts. We provide real-time trading signals through innovative predictive models from the top 1% AI experts.

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— yPredict.ai (@yPredict_ai) November 9, 2023

The project is also in a pre-sale phase where each YPRED token will be sold for $0.11 prior to the final listing price of $0.12. Pre-sale sales reached $5.59 million of the $6.507 million target. Buy YPRED now before the hard cap is reached.

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— yPredict.ai (@yPredict_ai) December 16, 2023

Visit the yPredict website and purchase YPRED in pre-sale here.